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SEC rule to open up trading: The Securities and Exchange...

December 08, 1999

SEC rule to open up trading: The Securities and Exchange Commission on Wednesday unanimously approved a rule that opens up trading in New York Stock Exchange companies, spurring market competition and lowering costs to investors. The new rule gives all of the regulated stock exchanges like Nasdaq and other non-NYSE members full access to trading Big Board stocks by expanding the Intermarket Trading System, an electronic order-routing system that links the exchange markets that trade listed securities.